Toscafund Asset Management is a British specialist

investment firm An investment company is a financial institution principally engaged in holding, managing and investing securities. These companies in the United States are regulated by the U.S. Securities and Exchange Commission and must be registered under th ...

which is a major investor in a number of companies including Circle Health Ltd. , it had assets of £4 billion. The Chief Executive is ex

Tiger Management Tiger Management Corp. is an American hedge fund and family office founded by Julian Robertson. The fund began investing in 1980 and wound down in March 2000-01. It continues to operate in direct public equity investments and seeding new inves ...

employee, Martin Hughes, nicknamed, according to ''

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'', the '

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'. Dr Savvas P Savouri is the chief

economist An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this ...

and a partner in the firm.

History

Starting in 2016, it was involved in a long term argument with Speedy Hire, where it was a major investor, attempting to replace the chairman, Jan Astrand, whom it accuses of “egregious corporate governance failings”. In September 2017, Toscafund Asset Management launched 300 million euro ($359.34 million) private equity fund that focus on small and mid-sized companies. In December 2019, Toscafund purchased 12% of Ted Baker following the decline in the company's share price. In January 2020, Toscafund announced that it owned 11.70% of the

Stobart Group Esken Limited (), formerly Stobart Group Limited, is a British infrastructure, aviation and energy company, with operations in the United Kingdom and Ireland. The company is registered in Guernsey but has its operational head office in London, ...

, this was subsequently increased to 18.8%. In December 2020, Toscafund announced that it had sealed a takeover of

TalkTalk Group TalkTalk Telecom Group Limited (formerly New TalkTalk plc from 2009–2010 and TalkTalk Telecom Group plc from 2010–2021; commonly known as TalkTalk Group, trading as TalkTalk) is a British telecommunications company that provides pay televi ...

which valued TalkTalk at £1.1 billion, taking it private. Toscafund was previously TalkTalk's second largest investor.

References

{{reflist Tiger Cub firms Investment management companies of the United Kingdom Asset management companies